Advance Premium Fund — Insurance companies who receive advance premiums must account for the unearned portion of these premiums as a separate liablity item on their balance sheets. This item is commonly referred to as the advance premium fund or account. As the premium … Investment dictionary

Advance Premium Mutual — A mutual insurance company that operates as an advance premium insurer rather than an assessment insurer. Advance premium mutual insurers assess premiums in advance and they do not change for some period of time. An assessment insurer assesses… … Investment dictionary

Advance Premium — The initial premium paid to bind an insurance policy for a given period of time. The most commonly known use of the term advance premium , is with respect to fluctuating insurance payments, such as payroll based policies, where the actual amount… … Investment dictionary

Premiums — Premium Pre mi*um, n.; pl. {Premiums}. [L. praemium, originally, what one has got before or better than others; prae before + emere to take, buy. See {Redeem}.] 1. A reward or recompense; a prize to be won by being before another, or others, in a … The Collaborative International Dictionary of English

National Health Insurance (Japan) — National Health Insurance (国民健康保険, Kokumin Kenkō Hoken?) is one of the two major types of insurance programs available in Japan. The other is Employees Health Insurance (健康保険, Kenkō Hoken … Wikipedia

Corporate-owned life insurance — (COLI), also known as dead peasant life insurance[1] or janitors insurance[2], is life insurance on employees lives that is owned by the employer, with benefits payable to the employer. When the employer is a bank, it is known as a bank owned… … Wikipedia

Public health insurance option — The public health insurance option is a proposed government run health insurance agency which competes with other health insurance companies. It is not the same as Publicly funded health care. Called the public insurance option or public option,… … Wikipedia

Parametric insurance — is a type of insurance that does not indemnify the pure loss, but ex ante agrees to make a payment upon the occurrence of a triggering event. The triggering event is often a catastrophic natural event which may ordinarily precipitate a loss or a… … Wikipedia

health insurance — insurance that compensates the insured for expenses or loss incurred for medical reasons, as through illness or hospitalization. [1900 05] * * * System for the advance financing of medical expenses through contributions or taxes paid into a… … Universalium